Long Beach, CA 90802 1828 E 5 th Street
$3,200,000
7 more
Presented By: Marina Morse with eXp Realty of California, Inc.;
SQFT • 7,876
Garage • 5
Year Built • 1953
Home Details
Appraised at $3.55M in 2024! on’t miss this exceptional 10-unit multifamily investment opportunity in the heart of Long Beach. This fully renovated property boasts a 100% occupancy rate and offers a diverse unit mix: (1) x 3 Bed, 2 Bath + Yard, (2) x 2 Bed, 1 Bath, (7) x 1 Bed, 1 Bath. All units were remodeled in 2019, featuring stainless steel appliances, laminate and tile flooring, and modern finishes throughout. The property offers a total of 7,876 sq ft and 5 car garages. Located in a desirable area of Long Beach with easy access to local shops, dining, and the beach, this turnkey property is perfect for investors seeking immediate cash flow and long-term growth. Whether you're a seasoned investor or new to multifamily properties, this property offers both stability and potential.
Presented By: Marina Morse with eXp Realty of California, Inc.;
Interior Features for 1828 E 5 th Street
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NNo
Total Stories2
Other Rooms
Entry Level1
General for 1828 E 5 th Street
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate3.4
Carport Y/NNo
CityLong Beach
CountyLos Angeles
DirectionsUse Google map
Electric On Property Y/NNo
Garage Y/NNo
HOANo
HOA Fee$0.0
Home Warranty Y/NNo
Insurance Expense6885.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, Conventional, Exchange1031
MLS Area197 - Long Beach
MaintenanceExpense12878.0
MobileHomeRemainsYNNo
Net Operating Income135807.0
New ConstructionNo
Number Of Units Total10
Number of Units Leased10
Operating Expense80193.0
Property Attached Y/NNo
Property Sub Type AdditionalMultiFamily
Property SubtypeMultiFamily
Property TypeCommercialSale
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsProbateListing
Standard StatusActive
StatusActive
Trash Expense0.0
Virtual TourClick here
Waterfront Y/NNo
Year Built1953
ZoningLBR1N
Exterior for 1828 E 5 th Street
Building Area Total7876.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesSixToTenUnitsAcre
Lot Size Area8683.0
Lot Size SourcePublicRecords
Number of Buildings1
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking0.0
Additional Details
Price History
Keegan Cin
Team Lead
